Abstract
This paper attempts to apply input-output (I-O) analysis to investigate the economic impacts of the culture and recreational services industry in the national economy for 2003. A static I-O framework is employed, focusing on three topics in its application. First, the impact of production or investment in the culture and recreational services industry on the production, value-added, and employment of other sectors is explored by using a demand-driven model. Second, the impact of the supply shortage in the culture and recreational services industry on other sectors is looked into by using a supply-driven model. Third, the impact of the rise in culture and recreational services rates on prices of other products is discussed by using the Leontief price model. This paper pays particular attention to the culture and recreational services industry by taking the industry as exogenous, and then investigating its economic impacts. In addition, inter-industry linkage analysis is performed to obtain information on the forward and backward linkage effects to quantify the strength of causation among industries. The culture and recreational services industry has a low forward linkage effect and a low backward linkage effect.
Translated title of the contribution | Economic Impacts of the Culture and Recreational Services Industry |
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Original language | Korean |
Pages (from-to) | 219-243 |
Number of pages | 15 |
Journal | 문화정책논총 |
Volume | 20 |
Issue number | 0 |
DOIs | |
State | Published - Oct 2008 |